National Bank of Canada (TSE:NA) – Research analysts at Desjardins issued their Q2 2018 EPS estimates for shares of National Bank of Canada in a report released on Wednesday, Zacks Investment Research reports. Desjardins analyst D. Young expects that the financial services provider will post earnings of $1.40 per share for the quarter. Desjardins also issued estimates for National Bank of Canada’s Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $5.84 EPS and FY2019 earnings at $6.25 EPS.
Other research analysts have also issued research reports about the stock. CSFB increased their price target on shares of National Bank of Canada from C$59.00 to C$61.00 in a research report on Monday, December 4th. Canaccord Genuity upped their price objective on shares of National Bank of Canada from C$66.00 to C$68.00 in a research note on Monday, December 4th. CIBC upped their price objective on shares of National Bank of Canada from C$62.00 to C$68.00 in a research note on Monday, November 13th. Barclays upped their price objective on shares of National Bank of Canada from C$64.00 to C$65.00 in a research note on Thursday, March 1st. Finally, Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$70.00 to C$71.00 in a research note on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$67.50.
National Bank of Canada (NA) traded up C$0.36 during trading hours on Friday, reaching C$63.43. 677,900 shares of the company traded hands, compared to its average volume of 1,080,000. National Bank of Canada has a 52-week low of C$51.41 and a 52-week high of C$65.68. The firm has a market capitalization of $21,680.00, a price-to-earnings ratio of 11.53 and a beta of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, March 26th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, March 23rd. This represents a $2.40 annualized dividend and a dividend yield of 3.78%. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.18%.
In other news, insider Lisa Swiderski sold 4,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of C$64.14, for a total transaction of C$256,560.00.
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About National Bank of Canada
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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